AUD/USD technical analysis

[predator]

You're probably right that price will pull back from here but beware of labels like resistance. A label can make a thing seem more significant purely because it has a label attached. Resistance is where price stops rising because of previous market action, not where price simply stops for the weekend.

Ok, thank you for pice of advise)

 

[predator]

I suppose that the price will turn after reaching the 0.756588 level.

 

[arigoldman]

Neutral on the pair until support or resistance level is reached.

 

[tomorton]

I'm neutral until we get a breach of another nice firm swing low.

 

[predator]

Right now, I can’t see the entrance for opening a deal on the asset, so I’ll wait until the price reaches one of the levels, and then I’ll make a decision.

 

[arigoldman]

This pair is hard to predict...

 

[mlawson71]

Well, it's still climbing today. I think we might see it recover most of the drop after Brexit, which is really surprising.

 

[predator]

I think that the AUD/USD asset would renew its maximum.

 

[tomorton]

Went long 01/07 using breach of 50EMA and prior day's hammer as bullish indicators. Probably a bit late to open new long right now.

 

[arigoldman]

Bearish!

 

[predator]

I think that the price will reach 0.76540 level. After that, the price will go to the level of 0.75109 or further.

 

[mlawson71]

The paor broke below 0.7510, but eventually rebounded from 0.7468. I think that was the end of the drop.

 

[arigoldman]

It lost the support at 0.7460.

 

[predator]

I think that the price will reach 0.757595 level. After that, the price will go to the level of 0.744248 or further.

 

[victoriajensen]

For now the pair is dropping towards 0.7450, but it all depends on the fundamentals later today.

 

[predator]

It seems to me that the asset will go for breaking the upper bound after reflecting from the bottom line.

 

[arigoldman]

Neutral at the moment.

 

[arigoldman]

Very tricky time currently for the pair.

 

[Will Duxon]

As of Friday, October 14, 2016

 

[arigoldman]

Bearish for the week.